ValuEngine cut shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) from a buy rating to a hold rating in a research note published on Thursday morning.
A number of other equities analysts also recently issued reports on CFR. BidaskClub downgraded Cullen/Frost Bankers from a sell rating to a strong sell rating in a research report on Friday, August 11th. Piper Jaffray Companies reiterated a hold rating and set a $96.50 price target on shares of Cullen/Frost Bankers in a research report on Friday, September 1st. Citigroup Inc. downgraded Cullen/Frost Bankers to an underperform rating in a research report on Thursday, August 10th. They noted that the move was a valuation call. Jefferies Group LLC reiterated a hold rating and set a $95.00 price target on shares of Cullen/Frost Bankers in a research report on Friday, August 11th. Finally, Raymond James Financial, Inc. downgraded Cullen/Frost Bankers from a market perform rating to an underperform rating in a research report on Thursday, August 10th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $95.04.
Cullen/Frost Bankers (NYSE:CFR) traded up 2.56% on Thursday, reaching $83.68. The company had a trading volume of 586,865 shares. Cullen/Frost Bankers has a 1-year low of $67.86 and a 1-year high of $99.20. The stock has a market capitalization of $5.37 billion, a P/E ratio of 16.49 and a beta of 1.33. The stock’s 50 day moving average is $88.30 and its 200-day moving average is $91.21.
Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, July 27th. The bank reported $1.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.29. The company had revenue of $295.87 million for the quarter, compared to the consensus estimate of $316.40 million. Cullen/Frost Bankers had a return on equity of 11.23% and a net margin of 28.49%. During the same quarter in the prior year, the business posted $1.11 earnings per share. On average, equities analysts predict that Cullen/Frost Bankers will post $5.26 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.57 per share. The ex-dividend date is Tuesday, August 29th. This represents a $2.28 dividend on an annualized basis and a yield of 2.72%. Cullen/Frost Bankers’s payout ratio is 44.79%.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Cullen/Frost Bankers by 1.9% during the second quarter. Vanguard Group Inc. now owns 5,460,000 shares of the bank’s stock worth $512,749,000 after acquiring an additional 103,634 shares during the last quarter. BlackRock Inc. increased its stake in Cullen/Frost Bankers by 3.9% during the second quarter. BlackRock Inc. now owns 4,879,258 shares of the bank’s stock worth $458,211,000 after acquiring an additional 183,302 shares during the last quarter. FMR LLC increased its stake in Cullen/Frost Bankers by 2.0% during the second quarter. FMR LLC now owns 4,090,392 shares of the bank’s stock worth $384,130,000 after acquiring an additional 80,709 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Cullen/Frost Bankers by 8.8% during the first quarter. Neuberger Berman Group LLC now owns 2,475,461 shares of the bank’s stock worth $220,242,000 after acquiring an additional 200,811 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Cullen/Frost Bankers by 4.9% during the second quarter. JPMorgan Chase & Co. now owns 2,046,915 shares of the bank’s stock worth $192,225,000 after acquiring an additional 95,236 shares during the last quarter. 82.39% of the stock is owned by institutional investors.
About Cullen/Frost Bankers
Cullen/Frost Bankers, Inc is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Company’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commercial and consumer banking services, and Frost Insurance Agency.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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